Jackson Financial Inc. (NYSE:JXN – Get a rating) – Jefferies Financial Group research analysts cut their fiscal 2026 earnings estimates for Jackson Financial in a research note released to investors on Tuesday, July 12. Jefferies Financial Group analyst S. Kamath now expects the company to post earnings per share of $23.60 for the year, down from its previous forecast of $24.35. Jackson Financial’s current annual earnings consensus estimate is $19.27 per share.
Financial Jackson (NYSE:JXN – Get a rating) last released its quarterly results on Tuesday, May 10. The company reported EPS of $3.94 for the quarter, missing the consensus estimate of $4.53 per ($0.59). Jackson Financial had a return on equity of 20.22% and a net margin of 29.79%. The company posted revenue of $4.30 billion for the quarter, versus $1.80 billion expected by analysts.
Several other research companies have also published reports on JXN. Morgan Stanley lowered its price target on Jackson Financial from $40.00 to $33.00 and set an “equal weight” rating for the company in a Wednesday, July 6 research report. Evercore ISI reduced its price target on Jackson Financial from $40.00 to $35.00 and set an “in-line” rating for the company in a Wednesday July 6 research note. Finally, Goldman Sachs Group lowered its price target on Jackson Financial from $40.00 to $36.00 and set a “neutral” rating for the company in a Monday June 6 research note. Four research analysts rated the stock with a hold rating and one assigned the company a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $35.80.
Jackson Financial Stock Performance
Shares of JXN Stock opened at $24.72 on Friday. Jackson Financial has a 12-month low of $23.56 and a 12-month high of $47.76. The stock has a market capitalization of $2.13 billion and a PE ratio of 0.98. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt ratio of 0.26. The company’s fifty-day moving average price is $30.52 and its 200-day moving average price is $38.12.
Hedge funds weigh on Jackson Financial
A number of large investors have recently changed their holdings in the company. Apollo Management Holdings LP acquired a new stake in Jackson Financial during Q4 valued at $439,049,000. Sessa Capital IM LP increased its stake in shares of Jackson Financial by 5.8% during the fourth quarter. Sessa Capital IM LP now owns 4,759,038 shares of the company worth $199,071,000 after purchasing an additional 260,301 shares last quarter. Dodge & Cox increased its stake in Jackson Financial by 1.1% in the fourth quarter. Dodge & Cox now owns 3,819,494 shares of the company worth $159,769,000 after acquiring an additional 40,700 shares during the period. EJF Capital LLC increased its stake in Jackson Financial by 2,218.3% in Q1. EJF Capital LLC now owns 1,759,620 shares of the company worth $77,828,000 after purchasing an additional 1,683,720 shares in the last quarter. Finally, State Street Corp increased its position in shares of Jackson Financial by 275.0% in the 1st quarter. State Street Corp now owns 1,186,722 shares of the company valued at $52,489,000 after purchasing an additional 870,296 shares last quarter. 81.17% of the shares are held by hedge funds and other institutional investors.
Insider Trading at Jackson Financial
In other Jackson Financial news, Executive Vice President Carrie Chelko purchased 3,344 shares of Jackson Financial in a trade on Friday, May 13. The shares were purchased at an average price of $29.91 per share, for a total transaction of $100,019.04. Following the completion of the transaction, the executive vice president now directly owns 49,599 shares of the company, valued at $1,483,506.09. The purchase was disclosed in an SEC filing, available at the SEC website. Separately, major shareholder Plc Prudential sold 4,200,000 shares of the company in a transaction dated Monday, June 13. The stock was sold at an average price of $40.79, for a total value of $171,318,000.00. Following the completion of the sale, the insider now directly owns 12,135,443 shares of the company, valued at approximately $495,004,719.97. The sale was disclosed in a legal filing with the SEC, accessible via the SEC website. Additionally, Executive Vice President Carrie Chelko purchased 3,344 shares of the company in a transaction that took place on Friday, May 13. The shares were purchased at an average cost of $29.91 per share, with a total value of $100,019.04. Following the completion of the transaction, the executive vice president now owns 49,599 shares of the company, valued at $1,483,506.09. Disclosure of this purchase can be found here. In the past ninety days, insiders have bought 34,244 shares of the company worth $1,065,798 and sold 4,472,976 shares worth $182,439,755.
Jackson Financial announces dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 16. Shareholders of record on Thursday, June 2 received a dividend of $0.55. This represents a dividend of $2.20 on an annualized basis and a dividend yield of 8.90%. The ex-dividend date was Wednesday, June 1. Jackson Financial’s dividend payout ratio is currently 8.74%.
About Jackson Financial
Jackson Financial Inc, through its subsidiaries, primarily provides a series of annuities to retail investors in the United States. The Company operates through three segments: retail annuities, institutional products, and closed block life insurance and annuity. The Retail Annuities segment offers a variety of retirement income and savings products, including variable, indexed fixed, fixed and payout annuities, as well as indexed registered annuities and life income solutions.
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